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Oracle Accounting Hub Cloud 2021 Implementation Essentials - 1Z0-1060-21 real prep

1Z0-1060-21
  • Exam Code: 1Z0-1060-21
  • Exam Name: Oracle Accounting Hub Cloud 2021 Implementation Essentials
  • Updated: Dec 08, 2025
  • Q & A: 62 Questions and Answers
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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. What are the tables or views from which the CreateAccounting process takes source data that is used in accounting rules to create journal entries referred to as?

A) Event entities
B) Transaction objects
C) Source objects
D) Mapping sets


2. Given the subledger journal entry:

Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?

A) It is notbalanced by balancing segment.
B) It is not balanced by entered amounts.
C) It appears correct.
D) It is not balanced by entered currency.


3. Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. Themajority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How do you pass the calculated value for discount amounts in accounting rules to the corresponding journal line?

A) Assign it to an accounting method.
B) Assign it to an account rule.
C) Assign it to an accounting attribute.
D) Assign it to a transaction type.


4. Which three are mandatory transaction source information?

A) Transaction Date
B) Transaction Line
C) Ledger Name
D) Distribution Link
E) Transaction Number


5. Given the journal:

What is the terminology that is used to identify the "Account Number', 'Original Balance' ,and 'Origination Date' fields?

A) Source System Identifier
B) Attribute Identifier
C) System Identifier
D) User Transaction Identifier


Solutions:

Question # 1
Answer: B
Question # 2
Answer: A
Question # 3
Answer: B
Question # 4
Answer: A,C,E
Question # 5
Answer: B

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